LGE Federal Credit Union Boosts Member Confidence with Deployment of Risk-Based Authentication.Credit Union Increases Use of Online Banking After Deploying Digital Resolve's Fraud Analyst Solution ATLANTA -- LGE LGE LG Electronics LGE Local Government Employers (UK) LGE Laser Guided Energy LGE Louisville Gas & Electric LGE Loop or Ground-start, Exchange (Newbridge) Federal Credit Union (LGEFCU LGEFCU Lockheed Georgia Employees Federal Credit Union ), a full-service, not-for-profit financial institution serving more than 89,000 members worldwide, has deployed Fraud Analyst([R]), a multifactor authentication Using two or more forms of identification to authenticate a user. Single factor authentication, which is commonly used, employs a unique username and password combination. For more security, multifactor authentication adds at least one more form, such as a physical token or biometrics. solution from Digital Resolve, the authority in transparent risk-based authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. , in an effort to provide strong protection for its members and to boost confidence in the use of online banking. Fraud Analyst is a proven and deployed solution for risk-based authentication that provides powerful yet transparent user authentication See authentication. , and is helping to reduce online fraud by as much as 90 percent. Using behavior profiles that track the way in which members normally log in to their online accounts, financial institutions can spot suspect login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. behavior in real time, and provide further authentication should a login transaction meet pre-defined risk thresholds set by the financial institution - all without disrupting the normal member experience while banking online. Furthermore, powerful research, analysis and reporting tools deliver unparalleled insight into the online channel, helping clients to truly understand the way in which online users interact with their web banking applications. "We discussed at length our desire to increase the use of online banking and to make it as simple as possible for our members," said Stanley Hixon, CISSP (Certified Information Systems Security Professional) The award for successful completion of an examination in computer security administered by the International Information Systems Security Certification Consortium (ISC)2. and Network Security Administrator for LGE. "Fraud Analyst was an attractive solution for the ease of use for our members; the platform was flexible enough to fit into our existing network infrastructure; and implementation was smooth and predictable. Another thing that differentiated Fraud Analyst was its research and reporting capabilities, which paid off immediately in helping LGE to understand the login behaviors of our members." "It's been great to work with Digital Resolve, as they delivered exactly what they said they would," added Laura King, Vice President of IT for LGE. "Many other solutions have hidden cost factors that are challenging to quantify at the outset. That was not the case when we implemented Fraud Analyst." "We're pleased that we have been able to help LGE increase its members usage of online banking," said Dennis Maicon, Executive Vice President, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Solutions, Digital Resolve. "Fraud prevention is our focus, and helping LGE to increase confidence in the online channel and address fraud in a way that doesn't disrupt the online banking experience for members is what Digital Resolve is all about." About Digital Resolve Digital Resolve is committed to securing online identities, information, accounts and transactions against fraud and identity theft by developing solutions that provide 360o protection for the online channel. The company's comprehensive online fraud detection and prevention solutions are helping financial institutions and enterprises of all sizes reduce online fraud by as much as 90 percent, delivering peace of mind that the online channel is safe and profitable. For more information visit http://www.digital-resolve.net. About LGE Federal Credit Union LGE Federal Credit Union is a full-service, not-for-profit financial institution that has approximately 565 million dollars in assets and serves more than 89,000 members worldwide. LGE employs more than 200 individuals throughout Georgia and operates eight retail branch facilities and 15 ATM locations. LGE is federally insured by the National Credit Union Administration The National Credit Union Administration (NCUA) is responsible for chartering, insuring, supervising, and examining federal credit unions (FCUs) and for administering the National Credit Union Share Insurance Fund. and is currently ranked the 6th largest Credit Union in the state of Georgia according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Georgia Credit Union Affiliates (GCUA GCUA Georgia Credit Union Affiliates ). LGE operates by the Credit Union philosophy of "people helping people." For more information please visit http://www.lgefcu.org. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion